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    1012 N Broad St NE Rome, GA 30161

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    1012 N Broad St NE Rome, GA 30161

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    • Strip malls
    • 9,300 SF
    • 1.25 lot acres
    For Sale
    $1,450,000
    View Listing →
    Prime Shopping Center Near Downtown For Sale
    $1,450,000
    9,300 SF

    Prime Shopping Center Near Downtown

    Fully leased shopping center near downtown Rome, Georgia.

    1012 N Broad Street NE, Rome, GA 30161
    View Listing
    Property ID
    US22-2619276
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    7.3%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Three Rivers Nutrition / Restaurant

    Property Details for 1012 N Broad St NE

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    1.25 lot acres
    Property size
    9,300 SF
    Zone code
    C-C
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    J13O- -079 -
    APU
    J13O079

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,410,000
      ML approach
      $1,370,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,705,000
      6.5%
      $1,575,000
      7%
      $1,465,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,020,000
      RESTAURANT
      $980,000
      AUTO REPAIR, GARAGE
      $880,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Floyd
    State
    Georgia
    Longitude
    -85.1609
    Latitude
    34.2587
    CBSA code
    40660
    CBSA name
    ROME, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,924
    $149,738
    $360,715
    $510,453
    -
    $374,344
    $901,788
    $1,276,132

    Comparable in this City

    • Value Estimation by Request
      5,170 SF

      2017 Maple Ave Sw Ste A

      SHOPPING CENTER, STRIP CENTER • 5,170 SF
      2017 Maple Ave Sw Ste A, Rome, GA 30161-6809
      View Details
    • Value Estimation by Request
      12,524 SF

      315 Riverside NE Pkwy

      SHOPPING CENTER, STRIP CENTER • 12,524 SF
      315 Riverside NE Pkwy, Rome, GA 30161-2986
      View Details
    • Value Estimation
      $935,000
      45,627 SF

      1101 Calhoun NE Ave

      SHOPPING CENTER, STRIP CENTER • 45,627 SF
      1101 Calhoun NE Ave, Rome, GA 30161-5709
      View Details
    • Value Estimation
      $520,000
      19,165 SF

      500 2nd Ave

      SHOPPING CENTER, STRIP CENTER • 19,165 SF
      500 2nd Ave, Rome, GA 30161
      View Details
    • Value Estimation
      $755,000
      30,275 SF

      110 Hicks SE Dr

      SHOPPING CENTER, STRIP CENTER • 30,275 SF
      110 Hicks SE Dr, Rome, GA 30161-6064
      View Details
    • Value Estimation by Request
      28,683 SF

      1431 Broad NE St

      SHOPPING CENTER, STRIP CENTER • 28,683 SF
      1431 Broad NE St, Rome, GA 30161-5215
      View Details

    Similar Nearby for Sale

    • $1,450,000
      9,300 SF

      Prime Shopping Center Near Downtown

      Fully leased shopping center near downtown Rome, Georgia.
      1012 N Broad St NE, Rome, GA 30161
      View Details
    • New
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      Prime Commercial Land on Highway

      4-acre commercial parcel on high-traffic Highway 411 in Rome, GA.
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    • $229,000
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      Two adjoining parcels with high visibility on North Broad Street.
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    • $134,900

      Renovated Commercial Property, High-Traffic Location

      Fully renovated commercial property with flexible floor plan in Rome, Georgia.
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    • Contact for pricing
      900 SF

      Renovated Commercial Property in Rome

      Prime commercial property with high visibility and flexible floor plan.
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      Versatile Commercial Facility on Calhoun

      4,956 SF commercial facility on 1-acre in Rome, GA.
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    Similar Nearby for Lease

    • $2,500 /Mo
      1,638 SF

      Retail Space in Rome, GA

      Commercial space for lease with high visibility and traffic.
      408 S Broad St, Rome, GA 30161
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    • $2,500 /Mo
      3,341 SF

      Downtown Rome Commercial Opportunity

      3,341 sq ft building in the heart of Broad Street.
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      View Details
    • $6,834 /Mo
      2,000 SF

      Retail Space with Drive-Thru

      2,000 SF retail space with drive-thru in Rome, GA.
      672 Braves Blvd, Rome, GA 30161
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    • $4,400 /Mo
      69,260 SF

      Office Space in Rome, GA

      Office space for rent with utilities included in Rome.
      800 Broad Street Ext, Rome, GA 30161
      View Details
    • $20 SF/Yr
      68,000 SF

      Renovated Cotton Warehouse Available

      Renovated commercial space in Rome, GA, with tenant improvements.
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      View Details
    • $20 SF/Yr
      68,000 SF

      Renovated Cotton Warehouse Available

      Renovated warehouse with buildout, wooden beams, and tongue & groove.
      314 E 1St Ave, Rome, GA 30161
      View Details
    View Listing
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    Rome, GA 30161
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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